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Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating revenue        
Electric operations $ 316,997 $ 252,765 $ 586,756 $ 482,191
Other operations 14,568 11,531 29,381 23,074
Affiliate revenue 0 0 0 0
Gross operating revenue 331,565 264,296 616,137 505,265
Electric customer credits (22,495) (402) (22,681) (424)
Operating revenue, net 309,070 263,894 593,456 504,841
Operating expenses        
Fuel used for electric generation 56,696 72,611 115,743 157,976
Power purchased for utility customers 81,393 13,940 134,117 18,796
Other operations 29,092 31,442 56,081 58,363
Maintenance 26,245 26,310 58,615 43,944
Depreciation 37,570 34,740 79,311 68,773
Taxes other than income taxes 11,567 10,285 25,674 22,919
(Gain) loss on sale of assets (214) (188) (145) 846
Total operating expenses 242,349 189,140 469,396 371,617
Operating Income (Loss) 66,721 74,754 124,060 133,224
Interest income 350 257 952 457
Allowance for other funds used during construction 2,029 413 3,660 1,577
Other income 2,495 8,165 3,466 10,438
Other expense (369) (1,247) (1,041) (1,683)
Interest charges        
Interest charges, including amortization of debt expense, premium, and discount, net 20,635 21,017 41,393 42,848
Allowance for borrowed funds used during construction (570) (129) (1,059) (504)
Total interest charges 20,065 20,888 40,334 42,344
Income before income taxes 51,161 61,454 90,763 101,669
Federal and state income tax expense 14,528 19,422 28,206 32,503
Net income 36,633 42,032 62,557 69,166
Net income applicable to common stock 36,633 42,032 62,557 69,166
Average shares of common stock outstanding        
Average number of basic common shares outstanding (in shares) 60,359,949 60,445,617 60,424,591 60,419,588
Average number of diluted common shares outstanding (in shares) 60,626,135 60,713,374 60,678,026 60,670,112
Basic earnings per share        
Net income applicable to common stock (in dollars per share) $ 0.61 $ 0.70 $ 1.04 $ 1.15
Diluted earnings per share        
Net income applicable to common stock (in dollars per share) $ 0.60 $ 0.69 $ 1.03 $ 1.14
Dividends declared per share of common stock $ 0.4000 $ 0.3625 $ 0.7625 $ 0.7000
Cleco Power [Member]
       
Operating revenue        
Electric operations 316,997 252,765 586,756 482,191
Other operations 14,027 11,027 28,299 22,064
Affiliate revenue 330 335 665 670
Gross operating revenue 331,354 264,127 615,720 504,925
Electric customer credits (22,495) (402) (22,681) (424)
Operating revenue, net 308,859 263,725 593,039 504,501
Operating expenses        
Fuel used for electric generation 56,696 72,611 115,743 157,976
Power purchased for utility customers 81,393 23,247 139,584 32,940
Other operations 29,146 29,540 54,462 54,912
Maintenance 26,203 23,585 56,460 38,379
Depreciation 37,295 32,959 77,498 65,288
Taxes other than income taxes 11,094 9,204 24,069 20,662
Total operating expenses 241,827 191,146 467,816 370,157
Operating Income (Loss) 67,032 72,579 125,223 134,344
Interest income 350 255 951 453
Allowance for other funds used during construction 2,029 413 3,660 1,577
Other income 389 1,268 752 1,965
Other expense (432) (1,208) (941) (1,652)
Interest charges        
Interest charges, including amortization of debt expense, premium, and discount, net 21,209 21,007 41,458 42,731
Allowance for borrowed funds used during construction (570) (129) (1,059) (504)
Total interest charges 20,639 20,878 40,399 42,227
Income before income taxes 48,729 52,429 89,246 94,460
Federal and state income tax expense 16,071 17,965 30,281 32,203
Net income $ 32,658 $ 34,464 $ 58,965 $ 62,257